The Algerian cement market is undergoing unprecedented growth in production capacity as the country attempts to become self-sufficient in cement. This capacity build-up is mainly driven by large infrastructure projects and new housing, but Algeria’s reliance on oil revenues is expected to impact on the pace of this development. The domestic cement industry would be well advised to look beyond the national borders as capacity ramps up. By ICR Research, UK.
Algeria’s economic growth has been slowing. The IMF estimates for 2016 see GDP growth decelerate to 3.6 per cent from 3.9 per cent noted in 2015. Moreover, going forward it forecasts a further contraction with growth of just 2.9 and 2.6 per cent in 2017 and 2018, respectively. To improve Algeria’s economic future, the IMF has recommended fiscal consolidation combined with structural reforms, including economic diversification and the development of private sector participation in the economy, particularly in terms of growth and job creation.